Saipem S.p.a.MIL: SPM

Italy - Factors to watch on June 24

· Issued by Saipem S.p.a.

The following factors could affect Italian markets on Tuesday.

Reuters has not verified the newspaper reports, and cannot vouch for their accuracy. New items are marked with (*).

For a complete list of diary events in Italy please click on .

POLITICS

Italy will comply with a new NATO spending target of 5% of gross domestic product on defence and security, Prime Minister Giorgia Meloni said on Monday, but it will take 10 years to do so and wants changes to EU budget rules in order to make it possible.

DEBT

Treasury announces sale of BTP and CCTeu bonds, with relative amounts to be auctioned on June 27.

COMPANIES

MEDIOBANCA MIL:MB

The Milanese bank will present a set of financial targets to 2028 on June 27, adding two years to its current financial projections, to give investors a clearer picture to compare with Monte dei Paschi's takeover offer, the bank said on Monday.

MONTE DEI PASCHI MIL:BMPS, MEDIOBANCA MIL:MB

The European Central Bank has cleared the Tuscan bank's proposed acquisition of rival Mediobanca, a source with knowledge of the matter told Reuters, as a raft of takeover bids reshape Italian finance.

(*) MONTE DEI PASCHI MIL:BMPS, UNICREDIT MIL:UCG

The European Commission is examining the Italian government's sale of shares in Monte dei Paschi last year, following claims that large investors - including UniCredit MIL:UCG, Norway's oil fund and BlackRock - were shut out of the bidding process, the Financial Times reported on Tuesday.

(*) ENI MIL:ENI

Italy's antitrust authority said on Tuesday it had imposed fines totalling more than 32 million euros ($37.18 million) on energy company Eni MIL:ENI and its unit Novamont for abuse of dominant position in the production of plastic bags.

(*) POSTE ITALIANE MIL:PST

Jefferies on Tuesday cut the rating of the Italian postal service to 'hold' from 'buy' and raised the target price to 18.40 euros from 18 euros.

(*) SAIPEM MIL:SPM, ENI MIL:ENI

The Italian oilfield services company said on Tuesday it had won a contract worth some 155 million euros ($180.08 million) from Enilive, the biofuel company of energy firm Eni, for engineering, procurement, and construction (EPC) activities at Enilive's biorefinery in Porto Marghera, near Venice.

(*) PRYSMIAN MIL:PRY

Deutsche Bank said on Tuesday it had begun coverage of the world's largest cable maker, with a 'buy' rating and a target price of 67 euros.

SAFILO MIL:SFL

The Italian eyewear group said on Monday fashion house Carolina Herrera had renewed a multi-year global eyewear licence agreement.

TELECOM ITALIA (TIM) MIL:TIT

Annual and extraordinary (0900 GMT) and savings (1100 GMT) shareholders' meetings.

MFE-MEDIAFOREUROPE MIL:MFEA

Extraordinary shareholders' meeting (0630 GMT).

DIARY

Prime Minister Giorgia Meloni attends NATO summit in The Hague, the Netherlands (to June 25).

Rome, Meloni addresses Senate ahead of European Council meeting (0730 GMT).

Rome, Meloni at lunch with President Sergio Mattarella ahead of 26-27 June European Council (1130 GMT).

Rome, Economy Minister Giancarlo Giorgetti attends tax police 'Guardia di Finanza' event (1600 GMT).

Rome, builders' association ANCE holds annual meeting (0830 GMT); expected attendees include EU Commission Executive Vice President Raffaele Fitto, ANCE President Federica Brancaccio, Italian Bishops' Conference (CEI) President Cardinal Matteo Maria Zuppi (video message); Infrastructure and Transport Minister Matteo Salvini delivers closing address.

Milan, 2026/2027 Spring/Summer 'Milan fashion week' men's shows end.

Cernobbio, Energy Minister Gilberto Pichetto Fratin attends 'Made in Italy Innovation Forum' on "Innovation is the key to competitiveness".

((Milan newsroom, e-mail: ))

For Italian market data and news, click on codes in

brackets:

20 biggest gainers (in percentage)(.PG.MI)20 biggest losers (in percentage)(.PL.MI)

FTSE IT allshare index FTSE:ITLMS

  • FTSE Mib index
  • .FTMIB

FTSE Allstars index... FTSE:ITSTAR

FTSE Mid Cap index (.FTITMC)Block trades (.BLK.MI)Stories on Italy (IT-LEN)

For pan-European market data and news, click on codes in

brackets:

European Equities speed guide(EUR/EQUITY) FTSEurofirst 300 indexFTSE:E3X DJ STOXX indexTVC:SXXP Top 10 STOXX sectors(.PGL.STOXXS) Top 10 EUROSTOXX sectors(.PGL.STOXXES) Top 10 Eurofirst 300 sectors(.PGL.FTEU3S) Top 25 European pct gainers(.PG.PEUR) Top 25 European pct losers(.PL.PEUR)

Main stock markets:

Dow JonesDJ:DJI Wall Street report Nikkei 225TVC:NI225 Tokyo report FTSE 100CURRENCYCOM:UK100 London report Xetra DAXXETR:DAX Frankfurt market stories CAC-40EURONEXT:PX1 Paris market stories World Indices(0#.INDEX) Reuters survey of world bourse outlook(EQUITYPOLL1) Western European IPO diary(WEUIPO) European Asset Allocation Reuters News at a Glance: Equities Main currency report:

($1 = 0.8607 euros)